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Silicon Valley’s Saddle is solving the stablecoin spread that currently dogs DeFi.

For the first time since 2017, bitcoin was reported as the most crowded trade among investors surveyed in Bank of America’s January Global Fund Manager Survey. 

As per a report covering the survey, 36% of surveyed participants said that “long bitcoin” was the most crowded trade, followed by “long tech.” “Long tech” and “Long US tech” had been the most crowded trades since the spring of 2020. 

Bitcoin gained newfound interest among institutional investors in 2020, wooing investors ranging from Paul Tudor Jones to Anthony Scaramucci. Some institutional traders have described the asset as a possible hedge against inflation. 

Indeed, inflation appears to be a growing concern for investors, according to BofA’s report. A record net 92% of fund managers surveyed said they expect inflation to tick higher in the next 12 months — the highest level ever. 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In this episode, Anna Baydakova, Danny Nelson, and Tanzeel Akhtar discuss livestreaming the insurrection on a blockchain, Iran taking the mining industry under control, and if Europe can regulate bitcoin.

The incoming president has already announced he would tap pro-crypto, pro-regulation Gary Gensler to lead the SEC, but a number of other names and issues remain outstanding.

Crypto traders shift focus to ether as second-largest cryptocurrency surges to new record price, but bitcoiners aren’t going anywhere.

The robbers lured a female cryptocurrency trader into an office and threatened her with a weapon, according to a report.

Ether (ETH) has broken its previous all-time high set in January 2018 with a rise to $1,439.

Quick Take

• Ethereum gas price leads to a decrease in governance participation due to the need to pay more than $5 per transaction.
• The infrastructure for gasless voting solutions using EIP-712 signatures is very newborn.
• Snapshot is used 349 Ethereum projects for governance, but the final decision remains with the protocol team.

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Ether’s (ETH) price has surged above $1,420 after three years, breaking its previous all-time high record.

The price of the second-largest cryptocurrency by market capitalization is currently at around $1,423 on Coinbase, according to TradingView. The previous all-time high price was reached in January 2018.

ETH’s price surge has also pushed the cryptocurrency’s market capitalization to above $163 billion at the time of writing, according to tracker CoinGecko.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Hedera Hashgraph’s blockchain platform will provide the health service with a tamperproof record of vaccine temperatures, the firm said.